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ETF's, Major Indices, QQQ, Market Outlook

 

 

         

EQUITY MARKET OUTLOOK

     
         

MAJOR INDICES

       
         

MAY 24 2012

       
 

ETF

PRICE

52WKLO

52WKHI

%CHGFLO

%CHG01

200-DMA

TREND

OPINION

 
 

QQQ

$62.47

$49.93

$68.55

25.12%

10.00%

$58.75

6.33%

UP

 
 

DIA

$124.91

$103.84

$133.14

20.29%

0.00%

$122.00

2.39%

FLAT

 
 

SPY

$132.61

$107.43

$142.21

23.44%

0.00%

$127.00

4.42%

FLAT

 
 

IWM

$76.41

$60.09

$85.97

27.16%

-6.00%

$75.00

1.88%

FLAT

 
                     
                     

Major indices could be attempting to edge up, as the above referenced ETF's are all significantly up from their 52-week lows; however, these indices are relatively flat thus far in 2012, with the exception of QQQ. Generally, QQQ would tend to move substantially in either direction in response to comparatively modest moves in the overall market, as represented by the S&P 500 Index (ETF symbol SPY). In addition, QQQ is up significantly from its 200-day moving average. In my opinion, QQQ should continue to perform well for the remainder of the year, provided that the general trend in the overall market remains flat to up. I'm guessing that with the US Presidential Election approaching in November as well as the Greek debt situation, US Federal Reserve Monetary Policy would likely remain fairly expansive.

D I S C L A I M E R

Neither the author of this report (the analyst) nor his family own or beneficially own any shares of common stock, investment securities or have any other financial interest in the above referenced securities. The analyst was not compensated by any interested parties thereto for writing this report.

Although some information contained in this report is derived from sources believed to be true, I make no representation as to the truthfulness, correctness or accuracy of anything written in this report, and this report contains opinion and even speculation, as to the report as a whole, as well as in various statements and implications made herein. Furthermore, all information and representations made in this report are subject to change without notice. Neither this report nor anything written in it are to be construed as investment advice, and nothing written in this report is to be considered a recommendation or solicitation to purchase, hold or sell securities. Finally, I make no representation as to the suitability or appropriateness of the company described herein to any particular financial purpose. Any prospective investor must do all of his own due diligence and consult with his own financial services professional, as to the nature, suitability and appropriateness of these shares to possibly fit any suggested purpose.